Battery Metals - Copperbelt Katanga Mining

International Markets Witness Growing Demand for Cobalt, the 'Energy Transmission Ore' 1

According to data from the economic situation note of the Central Bank of Congo (BCC) of August 25, 2023, 99.8% cathode cobalt increased from USD 32,730.00 per tonne to USD 35,717.44 per tonne. ton, from one week to the next. Which represents an increase of almost 3,000 USD. “The price of cobalt remained stable around USD 32,985.00 per tonne from one week to the next. On the other hand, on the London market, the price of cobalt (99.8% cathode) increased by 9.13%, from 32,730.00 USD to 35,717.44 USD per tonne from one… Read More Here

Mining in DRC Angola Battery Metals Exploration Mining in Zambia Partnership

Japan Expands Critical Mineral Exploration Partnerships in Africa to Diversify Supply Chain

August 30, 2023August 30, 2023 Constance

In a strategic effort to reduce dependency on China for crucial minerals essential in high-tech industries, Japan has inked agreements with five African nations. The agreements were signed to facilitate the exploration and extraction of critical minerals like rare earths, cobalt, lithium, and nickel, aiding Japan’s drive to secure its supply chain. Minister of Economy, Trade and Industry Yasutoshi Nishimura, accompanied by Ichiro Takahara, Chairman and CEO of Japan’s state-owned Organization for Metals and Energy Security, embarked on a week-long journey to Namibia, the Democratic Republic of the Congo (DRC),… Read More Here

Gold Battery Metals International Nickel

Sibanye-Stillwater cuts gold, nickel and PGMs production for 2023

August 30, 2023August 30, 2023 Constance

SIBANYE-Stillwater announced cuts to production guidance for gold, nickel and platinum group metals (PGMs) owing to operational mishaps, a strike, and lower metal prices. Publishing his firm’s interim results for the six months ended June 30, Sibanye-Stillwater CEO Neal Froneman said steps had been taken to “minimize” the events. “The operating environment has been … demanding, with regional factors in our operating jurisdictions posing significant challenges,” he said. New gold production guidance of 625,000 to 660,000 ounces was 16% to 17% lower than forecast at the beginning of the year following a shaft… Read More Here

Mining in DRC Battery Metals Cobalt Economy

Félix Tshisekedi Encourages better marketing of Cobalt ore

August 30, 2023August 30, 2023 Constance

Designated a crucial mineral propelling the shift toward sustainable energy, cobalt is witnessing a surge in demand across global industrial sectors. Despite this escalating demand, the Democratic Republic of Congo (DRC), responsible for producing 70% of the world’s cobalt, reaps a meager share of revenue from its raw cobalt exports. In the recent weekly assembly of the Council of Ministers convened on Friday, August 25, 2023, President Félix Tshisekedi of the Republic emphasized the urgency of introducing comprehensive measures to meticulously regulate cobalt marketing and amplify the income generated through… Read More Here

International Battery Metals Energy

China’s dominance a key factor in renewable energy subsidy wars

August 29, 2023August 29, 2023 Constance

One of the primary catalysts for the prevalent global emergence of subsidies within the renewable energy sector stems from the dominance of China, research firm BMI Research operational risk analyst Keaton Fitzpatrick has said. Speaking at a webinar hosted by BMI Research – a Fitch Solutions company – titled ‘Subsidy Wars and The Energy Transition, The Race To Develop Low Carbon Energy Manufacturing’ on August 24, he said China had unequivocally established its preeminence across the global energy supply chain, encompassing vital components of renewable energy, as well as the critical mineral provisions and corresponding market domains. One of the primary catalysts for the prevalent… Read More Here

International Battery Metals

Nigeria’s Ministry of Transportation Plans Electric Car Fleet Acquisition

August 27, 2023August 27, 2023 Constance

Nigeria’s Ministry of Transportation has revealed its ambitious plan to acquire a fleet of electric cars in an effort to improve transportation effectiveness and address rising concerns about fuel costs. This change is anticipated to improve commuter convenience countrywide as well as cut carbon emissions. Sa’idu Alkali, the recently sworn-in Minister of Transportation made the announcement in Abuja after returning to work last week. He claims that the purchase of these cars would help to lower the high transportation costs that have resulted from the removal of fuel subsidies. “The… Read More Here

International Battery Metals Cobalt Mining Personality Nickel

Trafigura metal executive Grenfell exits as unit pressure grows

August 25, 2023August 25, 2023 Constance

Trafigura Group’s head of metals business development is leaving, the latest sign of the pressure facing the commodity trader’s metals unit even as the company as a whole notches up record profits. Simon Grenfell is leaving Trafigura after just over three and a half years in the role, according to his LinkedIn profile. The company has appointed Matthew Hadfield as its new global head of business development for metals, said a person familiar with the matter, who asked not to be identified as the information is private. Trafigura’s metals business,… Read More Here

Mining in DRC Battery Metals Cobalt Copper Mining in Zambia Partnership

Insights from U.S.-DRC-Zambia EV Battery Deal on New U.S. Africa Approach

August 25, 2023August 25, 2023 Constance

The U.S.-DRC-Zambia memorandum of understanding demonstrates how the United States aims to counter China and bolster its clean energy supply chains by deepening ties with African nations. Yet how distinct is the U.S. approach from the Chinese approach to such deals? In December 2022, at a sideline event during the U.S.-Africa Leaders Summit in Washington, the United States signed a trilateral memorandum of understanding (MOU) with the Democratic Republic of the Congo (DRC) and Zambia for the development of an integrated value chain for the production of electric vehicles (EV) batteries. This… Read More Here

Mining in Zambia Battery Metals Copper Equipment & Technology

Chililabombwe’s MINGOMBA Mine Spurs Impressive Job Growth and Technological Advances in Zambia’s Mining Sector

August 23, 2023August 23, 2023 Constance

The MINGOMBA Mine in Chililabombwe on the Copperbelt has achieved a significant milestone by generating a total of 250 job opportunities. KoBOLD Metals’ Chief Executive Officer and Co-founder, KURT HOUSE, has underscored the project’s prominence, hailing it as the most progressive endeavor in Zambia’s mining sector. Mr. HOUSE’s emphasis remains on the swift and responsible advancement of the mine. He elaborated that the investors are committed to expediting the mine’s development while adhering to sustainable practices. The abundance of valuable resources within the Zambian mine necessitates substantial investments to optimize… Read More Here

Mining in Zambia Battery Metals Cobalt Copper Economy Lithium

KoBold Metals’ Project Poised to Boost Zambia’s Growth and Global Sustainability

August 23, 2023August 23, 2023 Constance

In a recent interview, KoBold Metals’ co-founder and President Josh Goldman shed light on the significant contribution that KoBold’s project is set to make to Zambia’s economic growth and the global shift towards sustainable resource development. The conversation delved into Zambia’s mineral-rich landscape, its commitment to sustainable practices, and the unique opportunities that KoBold’s innovative technology presents. The transition to a low carbon economy hinges on critical metals like copper, cobalt, nickel, and lithium. These metals are essential for renewable energy technologies, electric vehicles, and other green innovations. Zambia, blessed… Read More Here